Note 5 - Loans (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30,			December 31,
	2018			2017
Commercial
Development	$	7,275		$	1,498
Real estate		59,961			53,202
Commercial and industrial		11,008			10,135
Residential real estate and consumer
1-4 family owner-occupied		50,604			47,448
1-4 family investor-owned		32,971			33,658
Multifamily		37,953			31,677
Consumer		1,957			1,613
Subtotal	$	201,729			179,231
Deferred loan fees		(67	)		(74	)
Loans in process		(6,697	)		(6,002	)
Allowance for loan losses		(1,908	)		(1,800	)
Net loans	$	193,057		$	171,355

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Three Months Ended	Commercial			Residential real estate and consumer			Total
Balance at March 31, 2018	$	738		$	1,071		$	1,809
Provision for loan losses		92			97			189
Loans charged off		(24	)		(66	)		(90	)
Recoveries of loans previously charged off		-			-			-
Balance at June 30, 2018	$	806		$	1,102		$	1,908
Balance at March 31, 2017	$	468		$	1,010		$	1,478
Provision for loan losses		37			15			52
Loans charged off		-			(11	)		(11	)
Recoveries of loans previously charged off		-			-			-
Balance at June 30, 2017	$	505		$	1,014		$	1,519

Six Months Ended	Commercial			Residential real estate and consumer			Total
Balance at December 31, 2017	$	660		$	1,140		$	1,800
Provision for loan losses		170			134			304
Loans charged off		(24	)		(172	)		(196	)
Recoveries of loans previously charged off		-			-			-
Balance at June 30, 2018	$	806		$	1,102		$	1,908
Balance at December 31, 2016	$	348		$	1,130		$	1,478
Provision for loan losses		157			(54	)		103
Loans charged off		-			(97	)		(97	)
Recoveries of loans previously charged off		-			35			35
Balance at June 30, 2017	$	505		$	1,014		$	1,519

Allowance for loan losses at June 30, 2018:	Commercial		Residential real estate and consumer		Total
Individually evaluated for impairment	$	-	$	34	$	34
Collectively evaluated for impairment		806		1,068		1,874
Total allowance for loan losses	$	806	$	1,102	$	1,908
Allowance for loan losses at December 31, 2017:
Individually evaluated for impairment	$	-	$	179	$	179
Collectively evaluated for impairment		660		961		1,621
Total allowance for loan losses	$	660	$	1,140	$	1,800

June 30, 2018	Commercial		Residential real estate and consumer
Loans:
Individually evaluated for impairment	$	73	$	1,499	$	1,572
Collectively evaluated for impairment		78,171		121,986		200,157
Total loans	$	78,244	$	123,485	$	201,729
December 31, 2017
Loans:
Individually evaluated for impairment	$	192	$	2,112	$	2,304
Collectively evaluated for impairment		64,643		112,284		176,927
Total loans	$	64,835	$	114,396	$	179,231

Impaired Financing Receivables [Table Text Block]

As of June 30, 2018	Principal Balance		Recorded Investment		Related Allowance		Average Investment		Interest Recognized
Loan with related allowance for loan losses:
Residential real estate and consumer
1-4 family investor-owned	$	102	$	99	$	34	$	101	$	-
Loans with no related allowance for loan losses:
Commercial
Commercial and industrial		75		73		-		76		2
Residential real estate and consumer
1-4 family owner-occupied		1,205		1,132		-		1,182		12
1-4 family investor-owned		250		250		-		250		-
Consumer		18		18		-		19		-
Total loans with no related allowance		1,548		1,473		-		1,527		14
Total impaired loans	$	1,650	$	1,572	$	34	$	1,628	$	14

As of December 31, 2017	Principal Balance		Recorded Investment		Related Allowance		Average Investment		Interest Recognized
Loan with related allowance for loan losses:
Residential real estate and consumer
1-4 family investor-owned	$	375	$	330	$	179	$	312	$	8
Loans with no related allowance for loan losses:
Commercial
Commercial and industrial		198		192		-		204		-
Residential real estate and consumer
1-4 family owner-occupied		1,158		1,099		-		1,443		1
1-4 family investor-owned		716		683		-		1,289		24
Consumer		-		-		-		-		-
Total loans with no related allowance		2,072		1,974		-		2,936		25
Total impaired loans	$	2,447	$	2,304	$	179	$	3,248	$	33

Financing Receivable Credit Quality Indicators [Table Text Block]

	Pass		Special Mention		Substandard		Doubtful		Totals
June 30, 2018
Development	$	7,275	$	-	$	-	$	-	$	7,275
Real estate		58,848		1,113		-		-		59,961
Commercial and industrial		10,985		23		-		-		11,008
1-4 family investor-owned		31,931		790		250		-		32,971
Multifamily		37,953		-		-		-		37,953
Totals	$	146,992	$	1,926	$	250	$	-	$	149,168
December 31, 2017
Development	$	1,498	$	-	$	-	$	-	$	1,498
Real estate		51,939		1,263		-		-		53,202
Commercial and industrial		9,435		586		114		-		10,135
1-4 family investor-owned		31,964		1,449		149		96		33,658
Multifamily		31,677		-		-		-		31,677
Totals	$	126,513	$	3,298	$	263	$	96	$	130,170

	Performing		Non-performing		Total
June 30, 2018
1-4 family owner-occupied		49,985		619		50,604
Consumer		1,858		99		1,957
	$	51,843	$	718	$	52,561
December 31, 2017
1-4 family owner-occupied		46,349		1,099		47,448
Consumer		1,613		-		1,613
	$	47,962	$	1,099	$	49,061

Past Due Financing Receivables [Table Text Block]

			Loans Past Due		Loans Past Due				Nonaccrual
June 30, 2018	Current Loans		30-89 Days		90+ Days		Total Loans		Loans
Commercial
Development	$	7,275	$	-	$	-	$	7,275	$	-
Real estate		59,846		115		-		59,961		-
Commercial and industrial		11,008		-		-		11,008		-
Residential real estate and consumer
1-4 family owner-occupied		50,276		211		117		50,604		619
1-4 family investor-owned		32,893		78		-		32,971		349
Multifamily		37,953		-		-		37,953		-
Consumer		1,957		-		-		1,957		-
Total	$	201,208	$	404	$	117	$	201,729	$	968

			Loans Past Due		Loans Past Due				Nonaccrual
December 31, 2017	Current Loans		30-89 Days		90+ Days		Total Loans		Loans
Commercial
Development	$	1,498	$	-	$	-	$	1,498	$	-
Real estate		53,202		-		-		53,202		-
Commercial and industrial		9,946		75		114		10,135		114
Residential real estate and consumer
1-4 family owner-occupied		46,943		436		69		47,448		580
1-4 family investor-owned		33,209		205		244		33,658		549
Multifamily		31,677		-		-		31,677		-
Consumer		1,607		6		-		1,613		-
Total	$	178,082	$	722	$	427	$	179,231	$	1,243